Singapore's DBS Bank is newly listed among the top 60 banks globally which committed US$705 trillion into fossil fuel financing in 2023, a new report shows.
The World Bank and International Monetary Fund (IMF) held their spring meetings last week in Washington DC – a key event in a critical year for international climate finance.
The announcement by the world's main verifier of corporate climate targets was welcomed by companies. But NGOs say allowing firms to use carbon credits to abate their supply chain emissions undermines SBTi's credibility.